VW launches subsidiary to manage push for electric cars
Keith Laing, Detroit News Washington Bureau 3:13 p.m. ET Feb. 7, 2017 Washington — Volkswagen AG has launched a new subsidiary to manage the $2 billion it’s required to spend to boost the use of zero-emission and electric vehicles. The requirement is part of the German automaker’s $14.7 billion settlement with U.S. regulators for rigging hundreds of thousands of…